Friday, August 7th, 2009
The bank of england made Sterling plunge in value again yesterday, GBP was up against the dollar on wednesday, then the BOE announced the reccession had been worse than expected but they thought it had nearly reached the bottom.
Since the BOE announced another £50 Billion was to be pumped ...
Posted in Banking, Credit crunch | No Comments »
Monday, August 3rd, 2009
Is the credit crunch coming to an end?
This morning has seen the release of some optimistic data the £ has reached a 10 month high against the dollar, rising to as much as $1.6850, GBP is at its highest level since October 2008.
UK manufacturing activity was up last month for the first time since March ...
Posted in Banking, Business Finance, Credit crunch | No Comments »
Tuesday, September 2nd, 2008
The Value of Sterling has dropped following credit crunch comments from Alistair Darling. GBP is still on a seemingly unstoppable downward spiral despite the announced £1 billion government housing package.
Sterling has fallen to an all time low against the Euro trading at just £0.8153, earlier this morning, the £ was also getting battered by the $ ...
Posted in Banking, Credit crunch | No Comments »